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The Deutsche Bank (NYSE:DB) Daily (03.07.2014) Tech Analysis

NYSE:DB   DEUTSCHE BANK AG
The Deutsche Bank AG (NYSE:DB) Daily Diagram Technical Analysis training shows the following:

The DB             share has made a long term bearish movement with the resistance of red trend lines. These resistance lines were under the KUMO, which means that the DB             was bearish in long term. The weekly diagram shows an oversold level.

So the first think in mind (as you can see in diagram) is that $34.75 (2.618 of fib retracement is a local bottom) and may be a reaction from here (a little aggressive). So it is a strong long term support. MACD is forcing its bullishness and RSI too. The volume is the usual.

We have no special candlestick pattern. The share is under the KUMO and the Kijun Sen (blue line) too.

There is no special pattern. The fib from $54.33 to $46.85 shows a 2.618 bottom at $34.75.

So I think that the share will return towards to Tenkan Sen (36.63 first target) and Kijun Sen $38 second target).
For farther projection look at KUMO SPAN A (green line of KUMO cloud).
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